Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

QIIB bags top certificate in protection of banking cards’ data for 5th year

QIIB invested heavily in cybersecurity and its various solutions.

NBB diversifies its Murabaha service to clients by offering Sukuk-based Murabaha facility

This agreement comes as part of NBB’s continuous efforts to further develop its activities and offerings, while supporting governmental initiatives that develop the Kingdom’s financial and capital markets.

Warba Bank digitises online banking and enhances customer experience with Nutanix

In selecting Nutanix as a partner for digitisation, Shawareb and his team were drawn to Nutanix’s ability to integrate with Warba Bank’s legacy hypervisor.

FAB launches eSign technology for secure digital signatures on client documents

FAB eSign allows authorised signers to digitally sign documents anywhere, anytime

Al Salam Bank-Bahrain tops key performance indicator rankings for GCC banking sector Highest reduction in non-performing financing by any listed bank in GCC

The rankings were featured in KPMG’s latest GCC Listed Banks’ Results Report, which analysed the financial results of fifty five listed commercial banks from each GCC country throughout 2019.

Qatar National Bank markets 5-year Chinese yuan bonds - document

The bonds will be listed on the London Stock Exchange and Taipei Exchange

GFH Financial Group get stable outlook from Fitch

The report also cited the fact that GFH has continued to grow its money market activities, as reflected in liquid assets accounting for an average of 24.3% of assets in 2019, compared with 9.7% in 2018.

OAB merger with Alizz on track

Interview with Khalid Al Zubair, Chairman of OMINVEST Group

QIB retains Best Islamic Bank in The Middle East and Qatar position from The Banker Magazine

These awards display our leading position in the region and truly motivate us to keep improving and striving for more.

Egypt- IDB pre-tax profit increases %3.1 to EGP 391m in 2019

Last week, the bank inaugurated a new branch in Ismailia, as part of its plan to spread and compete vigorously in Egypt's banking market.

Qatari Islamic lenders outweigh conventional banks in first quarter

Asset growth during the quarter was once again supported mainly by Islamic banks that grew assets

NBB launches personal loan drive

Interested clients can find additional information about the campaign and the next branch on the Bank’s social media channels and website.

Banking sector to see upward trajectory in H2

Many banks are structuring their businesses in new and exciting ways

Egypt looking to raise over $1bln loan, taps UAE banks - sources

The financing plan comes as Egypt's economy suffers from the impact of the coronavirus outbreak

QIB's outstanding banking services known by The Asian Banker with significant awards

The Excellence in Retail Financial Services program commends outstanding institutions in retail economic services that show a long-term sustainable franchize leading to a consistent and profitable performance.

Dubai Economy, CBD offer banking services for traders

Business owners will also have the opportunity to earn up to 100% of their trade licence fees back based on the average daily balance maintained in their accounts.

QNB Group and Mastercard undertake first successful international payment transaction in Sudan

The first successful international prepaid card transaction was performed on 14 June 2020

National Bank of Oman Named among Forbes’ Top 100 Companies in the Middle East

"Although these are unprecedented and challenging times, we are confident of our path, as with fortitude and resoluteness , we continue to drive the country’s banking sector.”

Oman Arab Bank finalises agreement to acquire Alizz Bank

The two Muscat-based lenders are set to proceed with a deal to create an institution with a combined asset base of over 3.2bn rials

KPMG: Saudi banks continue to be hyper-vigilant on credit underwriting, focus on asset protection

The Saudi banking sector has reported an average increase of 93.3% in expected credit losses (ECL) for the three months period, and significant declines in marked to market valuations since December 2019.

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